Circuit City

After filing for bankruptcy last November, US retailer chain Circuit City is to close all of its 567 stores nationwide. 30,000 people are set to lose their jobs in the US whilst the Canadian wing is still hopeful of a takeover. More here. By Mike Bowden

PC retail is reporting that Circuit City has filed for Chapter 11 Bankruptcy Protection. The firm’s assured that its doors will remain open throughout the Christmas period. This is largely due to “the assistance of a $1.1 billion debtor-in-possession revolving credit facility,” apparently. Circuit City boss James Marcum said: “We recently have taken intensive measures […]

US retailer Best Buy is to give away $50 credit notes to anyone who bought into HD-DVD, according to this, an initiative likely to cost up to $10 million. Anyone that can provide a receipt saying they bought a now defunct HD-DVD player from the firm will be eligible for the gift. Circuit City is […]

Major US retailer Circuit City is to start selling secondhand games, according to this. The store chain is to trial the service in 10 outlets, with plans to expand to other shops if the test is a success. Which it almost certainly will be. The move by Circuit City is a second step to get […]